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gharibandtomhudson. "nightlybusiness report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. progress in fits and starts at a european summit meeting in brussels today, and that led to losses and a late comeback on wall street. tom, european leaders met to work on three key items: an agreement not to overspend, a permanent bailout fund to deal with the spreading financial crisis. between with still don't have a deal between greece and its lenders. a more optimistic message that europe is get on top its did debt crisis that lead to the blue chips losing 6 and 3/4 points. on the bell after dropping in the first hour of trading, the naz was down 4, the s&p down 3 and change. >> susie: at the core of the european negotiations is the impact serious budget cutting could have on the 17 individual nations in the eurozone. sylvia hall takes a closer look at the issues facing european policymakers. >> reporter: in a meeting room in brussels, almost all of europe's leaders agreed not to spend outside their means. the u.k. and the czech republic were the

gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. progress in fits and starts at a european summit meeting in brussels today, and that led to losses and a late comeback on wall street. tom, european leaders met to work on three key items: an agreement not to overspend, a permanent bailout fund to deal with the spreading financial crisis. between with still don't have a deal between greece and its...

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report" with susie gharibandtomhudson. "nightlybusiness report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. one huge earnings disappointment tonight from google. quarterly earnings came in well below wall street expectations, and, susie, the reaction was swift. >> susie: google shares tumbled 10% in after-hours trading on this rare earnings miss for the web giant. it earned $9.50 a share, almost a full dollar below estimates. revenues were also less than expected, coming in at just over $8 billion. but a trio of other big technology firms reported stronger than predicted results. microsoft earnings were two cents ahead of wall street estimates. profits at intel were three cents over what was expected. and ibm's earnings were almost a dime stronger than predicted. >> tom: so far this year, the nasdaq and its technology stocks have been the hot market, up 7% already. david garrity is principal at gva research. he joins us from the nasdaq. david, it's great to see you. we've got to start with the size abandon earnings miss at go

report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. one huge earnings disappointment tonight from google. quarterly earnings came in well below wall street expectations, and, susie, the reaction was swift. >> susie: google shares tumbled 10% in after-hours trading on this rare earnings miss for the web giant. it earned $9.50 a share, almost a full dollar...

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"nightly business repo" with susieribandtomhudson. "nightlybusiness report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. christmas has come and gone, but today, wall street was still talking about holiday sales. susie, there was a lot of worry about how much consumers would shop in november and december. >> susie: tom, worries about the economy didn't keep americans away from one of their favorite pastimes, shopping. for many of the nation's retailers, sales turned out better than they expected. the thomson-reuters sales index of 22 retailers rose 3.4% in december. that's a bit above expectations and better than last year. >> tom: still, as erika miller explains tonight, the strong sales came at a hefty price. >> reporter: 50%... 60%... even 70% off. retailers know many customers won't even look at merchandise unless there's a "sale" sign. >> the customer is demanding "sale," and they are only buying when they do see "markdown" and "clearance". >> reporter: kohl's and j.c. penney lowered their fourth quarter earnings guidance

"nightly business repo" with susierib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. christmas has come and gone, but today, wall street was still talking about holiday sales. susie, there was a lot of worry about how much consumers would shop in november and december. >> susie: tom, worries about the economy didn't keep americans away from one of their favorite...

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business report" with susie gharibandtomhudson. "nightlybusiness report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie gharib is off tonight. the stock market rang in the new year with a new push higher. positive economic data on the u.s. manufacturing sector fueled the rally. but it was sparked by unemployment falling to a two- decade low in germany, and china's services and manufacturing sectors rose in december, despite worries about a chinese slowdown. the major u.s. stock averages logged big gains. the dow gained 179 points, the nasdaq added 43, and the s&p 500 was up 19.5 points. trading volume picking up steam as we come off the holiday-- 853 million shares moving on the big board and 1.7 billion on the nasdaq. the pick-up in share prices and trading volume comes as many smaller investors continue on the sidelines. suzanne pratt reports. >> reporter: it's cleanup time in manhattan from this weekend's new year's eve celebration. but today on wall street, the partying was still going strong, making for a beautiful

business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie gharib is off tonight. the stock market rang in the new year with a new push higher. positive economic data on the u.s. manufacturing sector fueled the rally. but it was sparked by unemployment falling to a two- decade low in germany, and china's services and manufacturing sectors rose in...

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report" with susie gharibandtomhudson. "nightlybusiness report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. the u.s. job market kicks off the new year with new vigor. tom, not only are there more jobs for americans, but the unemployment rate dropped again, a sign that american businesses may be more willing to hire. >> tom: susie, the december jobs report underscores an economy that is picking up and faster hiring means consumers could have more money to spend. u.s. companies added 200,000 jobs to their payrolls last month more than expected and the fourth biggest monthly gain of 2011. the biggest surprise: the unemployment rate fell to 8.5% from an upwardly revised 8.7% in november. investors shrugged off the good economic news. the dow lost 56 points. the nasdaq added four and the s&p lost three points. suzanne pratt takes a closer look at that december jobs report and the outlook for hiring in 2012. >> reporter: 8.5%. that's an unemployment rate the u.s. hasn't seen in nearly three years. and, it is something to celebrate. nearly every

report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. the u.s. job market kicks off the new year with new vigor. tom, not only are there more jobs for americans, but the unemployment rate dropped again, a sign that american businesses may be more willing to hire. >> tom: susie, the december jobs report underscores an economy that is picking up and faster hiring means...

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" for tuesday, january 17. this is "nightly business report" with susie gharibandtomhudson. "nightlybusiness report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. a tale of two banks today-- citigroup's quarterly profits tumbled, but wells fargo posted a record fourth quarter. tom, this is a key week for earnings with lots of reports from financials. >> tom: susie, between today's results and j.p. morgan's disappointing numbers friday, this is a shaky start to earnings season for banks. looking at citi, the banking giant earned 38 cents a share, an 11% drop from a year ago and way below what analysts were expecting. revenues fell to $17 billion. even though citi made more loans, its investment banking business did not do well. but at wells fargo, profits jumped to 73 cents a share, a penny better than estimates, even though revenues slipped, but were still higher than wall street expectations. >> susie: wells fargo shares rose today, but most other bank stocks were down. still, the major averages managed to end higher. the dow gained 60 points,

" for tuesday, january 17. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. a tale of two banks today-- citigroup's quarterly profits tumbled, but wells fargo posted a record fourth quarter. tom, this is a key week for earnings with lots of reports from financials. >> tom: susie, between today's results and j.p. morgan's...

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gharibandtomhudson. "nightlybusiness report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. investors were hanging up on research in motion today after the surprise resignation of its co-c.e.o.'s leadership over the weekend. tom, shares of the company plunged 8%. >> tom: susie, this is a big management shakeup at the maker of the blackberry smartphone, but by the looks of today's stock sell-off, investors aren't convinced that new c.e.o. thorstein heins can do more to help the company better compete with apple and google. >> susie: but on day one in the job, the new c.e.o. was putting out the message that he has a plan to get rim on the right track. erika miller reports. >> reporter: thorsten heins is smiling in his media photo, but it's clear there's a lot of weight on his shoulders. this little-known insider took the helm at troubled blackberry maker research in motion over the weekend. in video released by the company, heins is promising to deliver change. >> when we decide on getting something done, i want it to be done on time, at good

gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. investors were hanging up on research in motion today after the surprise resignation of its co-c.e.o.'s leadership over the weekend. tom, shares of the company plunged 8%. >> tom: susie, this is a big management shakeup at the maker of the blackberry smartphone, but by the looks of today's stock sell-off, investors aren't convinced that new...

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report" with susie gharibandtomhudson. "nightlybusiness report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. seven people were charged today in a $62 million insider trading scheme. susie, they include a top hedge fund co-founder, financial analysts and a former dell employee. >> susie: tom, federal prosecutors called it "operation hedge fund." today's charges are part of an aggressive campaign by the u.s. attorney's office in manhattan to crack down on insider trading. these are the most prominent arrests since the conviction last year of hedge fund heavyweight raj rajaratnam. he's now in prison serving an 11-year sentence. >> tom: what's interesting about this case is nearly all of the money was allegedly made off a single trade in dell stock. erika miller has details of the case and those accused. >> reporter: preet bharara is one of the nation's top federal prosecutors. the way he sees it, insider trading is rampant and routine on wall street. he called today's arrests a stunning portrait of organized corruption among a gr

report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. seven people were charged today in a $62 million insider trading scheme. susie, they include a top hedge fund co-founder, financial analysts and a former dell employee. >> susie: tom, federal prosecutors called it "operation hedge fund." today's charges are part of an aggressive campaign by the...

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, january 27. this is "nightly business report" with susie gharibandtomhudson. "nightlybusiness report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. good news today on the u.s. economy: it grew in the fourth quarter at its fastest pace in more than year. but susie, even that growth rate was still quite modest. >> susie: tom, most of the growth came as american businesses restocked their shelves and as american consumers spent more money. let's look at the details. the commerce department reported that the nation's gross domestic product-- the value of goods and services produced in the u.s.-- rose 2.8% between october and december. but many economists were expecting 3%. >> tom: while clearly not a red hot economy by any stretch of the imagination, there are concerns over whether the u.s. can keep up even this tepid growth rate. erika miller reports from new york. >> reporter: if you want to know what's in store for the economy, it helps to come to this store. eneslow in manhattan does not just sell shoes, it makes them in a workshop

, january 27. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. good news today on the u.s. economy: it grew in the fourth quarter at its fastest pace in more than year. but susie, even that growth rate was still quite modest. >> susie: tom, most of the growth came as american businesses restocked their shelves and as...

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thursday, january 12. this is "nightly business report" with susie gharibandtomhudson. "nightlybusiness report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie is off tonight. signs of spring for the job market. home depot has begun recruiting 70,000 workers to help with its big selling season, springtime. that bright spot comes as more americans filed for first time unemployment benefits last week. that number rose more than expected, to 399,000. it's only the second time it's increased since thanksgiving, suggesting the jobs recovery will continue in fits and starts. jobs are the number one issue this election year. since winning the new hampshire primary tuesday, republican presidential frontrunner mitt romney has come under sharp attack over his jobs record when he ran the private equity firm bain capital. today, the u.s. chamber of commerce stepped into the fight. chamber c.e.o. tom donohue called attacks on the candidate, and capitalism, unfair. darren gersh reports from washington. >> reporter: the assault on romney

thursday, january 12. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie is off tonight. signs of spring for the job market. home depot has begun recruiting 70,000 workers to help with its big selling season, springtime. that bright spot comes as more americans filed for first time unemployment benefits last week. that...